Ariel Investments LLC Sells 64,706 Shares of Philip Morris International Inc. $PM

Key Points

• Ariel Investments LLC has reduced its stake in Philip Morris International Inc. by 37.4%, selling 64,706 shares to own a total of 108,328 shares worth approximately $17.2 million.
• Philip Morris reported a quarterly earnings per share (EPS) of $1.91, surpassing analyst estimates, while its revenue of $10.14 billion fell short of expectations.
• The company has announced a quarterly dividend of $1.35 per share, translating to an annualized dividend of $5.40 and a dividend yield of 3.2%.

Ariel Investments LLC decreased its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 37.4% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 108,328 shares of the company's stock after selling 64,706 shares during the quarter. Ariel Investments LLC's holdings in Philip Morris International were worth $17,195,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Linscomb Wealth Inc. raised its position in Philip Morris International by 3.3% in the 1st quarter. Linscomb Wealth Inc. now owns 83,205 shares of the company's stock worth $13,207,000 after buying an additional 2,669 shares during the last quarter. Mackenzie Financial Corp raised its position in Philip Morris International by 7.3% in the 1st quarter. Mackenzie Financial Corp now owns 3,583,903 shares of the company's stock worth $568,873,000 after buying an additional 242,799 shares during the last quarter. 49 Wealth Management LLC raised its position in Philip Morris International by 79.0% in the 1st quarter. 49 Wealth Management LLC now owns 5,334 shares of the company's stock worth $847,000 after buying an additional 2,354 shares during the last quarter. Cortland Associates Inc. MO raised its position in Philip Morris International by 704.0% in the 1st quarter. Cortland Associates Inc. MO now owns 142,950 shares of the company's stock worth $22,690,000 after buying an additional 125,171 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of Philip Morris International by 24.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 439,082 shares of the company's stock valued at $69,695,000 after purchasing an additional 87,631 shares during the last quarter. Hedge funds and other institutional investors own 78.63% of the company's stock.

Philip Morris International Stock Up 0.3%

PM stock traded up $0.46 during midday trading on Friday, hitting $161.61. The company's stock had a trading volume of 4,056,667 shares, compared to its average volume of 4,938,799. Philip Morris International Inc. has a 12 month low of $116.12 and a 12 month high of $186.69. The firm has a market capitalization of $251.57 billion, a price-to-earnings ratio of 30.72, a price-to-earnings-growth ratio of 2.34 and a beta of 0.49. The company has a 50 day moving average of $170.22 and a two-hundred day moving average of $167.36.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.05. Philip Morris International had a negative return on equity of 120.86% and a net margin of 9.03%.The business had revenue of $10.14 billion during the quarter, compared to the consensus estimate of $10.33 billion. During the same period in the prior year, the company posted $1.59 EPS. The firm's revenue for the quarter was up 7.1% compared to the same quarter last year. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. On average, analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th were paid a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 3.3%. The ex-dividend date was Friday, June 27th. Philip Morris International's dividend payout ratio is presently 102.66%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Jefferies Financial Group assumed coverage on shares of Philip Morris International in a research report on Wednesday, July 9th. They set a "buy" rating and a $220.00 price target for the company. Barclays reduced their price target on shares of Philip Morris International from $225.00 to $220.00 and set an "overweight" rating for the company in a research report on Wednesday, July 30th. JPMorgan Chase & Co. upped their price target on shares of Philip Morris International from $175.00 to $190.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Wall Street Zen lowered shares of Philip Morris International from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, UBS Group reduced their price target on shares of Philip Morris International from $177.00 to $166.00 and set a "neutral" rating for the company in a research report on Friday. Twelve investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $184.91.

About Philip Morris International

Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.